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What is the expected value

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Reference no: EM131662308

Here's my? dilemma, I can accept a $1500 bill or play a game ten times. For each roll of the single? die, I win $500 for rolling 1 or? 2; I win $100 for rolling? 3; and I lose $300 for rolling? 4, 5, or 6. Based on the expected? value, I should accept the $1500? Does this make sense? what is the expected value after 10 rolls?

Reference no: EM131662308

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